CommScope Reports Asset Acquisition/Disposition Completion

TL;DR

**CommScope just completed an asset deal, watch for details on impact.**

AI Summary

CommScope Holding Company, Inc. filed an 8-K on January 16, 2024, reporting an event that occurred on January 9, 2024, related to the completion of an acquisition or disposition of assets. This filing indicates a change in the company's asset structure, which could impact its future revenue streams, operational efficiency, or debt levels. Investors should understand the specifics of this transaction as it may affect CommScope's financial health and stock valuation.

Why It Matters

This filing signals a change in CommScope's business structure, which could lead to shifts in its financial performance, competitive position, and long-term growth prospects.

Risk Assessment

Risk Level: medium — The filing indicates a significant corporate action (acquisition or disposition) without providing specific financial details, creating uncertainty about its impact.

Analyst Insight

Investors should await further details regarding the specific assets acquired or disposed of, including their financial impact, before making any investment decisions. This filing is a notification of an event, not a full disclosure of its implications.

Key Players & Entities

• CommScope Holding Company, Inc. (company) — the registrant filing the 8-K
• January 9, 2024 (date) — date of the earliest event reported
• January 16, 2024 (date) — date the 8-K was filed
• 001-36146 (other) — Commission File Number
• COMM (other) — Trading Symbol on NASDAQ

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share COMM The NASDAQ Stock Mar
• $250,465 — ermined on a fully diluted basis), (ii) $250,465 in cash (in addition to cash paid in ex
• $100 m — sheets) and (iii) an earn-out of up to $100 million, subject to the satisfaction of c

Filing Documents

• comm-20240109.htm (8-K) — 40KB
• comm-ex99_1.htm (EX-99.1) — 730KB
• 0000950170-24-004646.txt ( ) — 915KB
• comm-20240109.xsd (EX-101.SCH) — 30KB
• comm-20240109_htm.xml (XML) — 5KB

01. Completion of Acquisition or Disposition of Assets

Item 2.01. Completion of Acquisition or Disposition of Assets. On January 9, 2024, (the “Closing Date”), CommScope Holding Company, Inc. (the Company or “CommScope”) completed the previously announced sale of the Home Networks business (the “Home Business”) of the Company to Vantiva SA (“Vantiva”) pursuant to the Purchase Agreement (the Purchase Agreement), dated as of December 7, 2023. Pursuant to the Purchase Agreement, Vantiva acquired the Home Business in exchange for (i) 134,704,669 shares of Vantiva common stock, representing a 24.73% equity stake in Vantiva (determined on a fully diluted basis), (ii) $250,465 in cash (in addition to cash paid in exchange for the cash on the Home Business companies’ balance sheets) and (iii) an earn-out of up to $100 million, subject to the satisfaction of certain conditions. The $250,465 in cash paid in connection with the closing is expected to be used to acquire additional shares of Vantiva common stock, following which the Company is expected to own a 25% equity stake in Vantiva (on a fully diluted basis). The description of the Purchase Agreement set forth herein does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement, which was attached as Exhibit 2.2 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 5, 2023.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (b) Unaudited Pro Forma Condensed Consolidated Financial Information The following unaudited pro forma condensed consolidated financial statements of CommScope reflecting the disposition of the Home Business pursuant to the Purchase Agreement, are filed as Exhibit 99.1 to this Current Report on Form 8-K and are incorporated herein by reference: • Unaudited Pro Forma Condensed Consolidated Balance Sheet as of September 30, 2023; • Unaudited Pro Forma Condensed Consolidated Statements of Operations for the nine months ended September 30, 2023 and the years ended December 31, 2022, 2021 and 2020; and • Notes to the Unaudited Pro Forma Condensed Consolidated Financial Statements. (d) Exhibits The following exhibits are hereby filed as part of this Current Report on Form 8-K. Exhibit. Description. 99.1 CommScope Holding Company, Inc. Unaudited Pro Forma Condensed Consolidated Financial Information 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 16, 2024 COMMSCOPE HOLDING COMPANY, INC. By: /s/ Kyle D. Lorentzen Kyle D. Lorentzen Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR